Texas

Maverick Energy Group Ltd., a member of Z2 LLC, said it began construction and repair work on the gas gathering system at the Big Foot Field in Texas. Preliminary tests indicate the field could deliver 300-500 Mcf/d to the first purchaser of the supply once the work is completed. Maverick said it should finalize a gas contract within the next two weeks.

Florida Gas Transmission said it must excavate its mainline just upstream of Galveston Bay in Texas to conduct a thorough examination. FGT was making preparations for the excavation during Wednesday’s gas day but continued to schedule up to 150,000 MMBtu/d through Station 6; that is half of the station’s normal capacity due to an unscheduled upstream pipe examination that began Tuesday (see Daily GPI, Jan. 9). FGT plans to begin the excavation and thorough examination Thursday, saying the work may take two days. For the gas days of Thursday and Friday, zero gas will be scheduled into the system upstream (west) of Galveston Bay. Volumes will be scheduled as normal downstream (east) of Galveston Bay. NGPL Jefferson is one of the first major interconnects just to the east of Galveston Bay that will be scheduled as normal Thursday and Friday, FGT said. It will resume scheduling normal capacity of up to 300,000 MMBtu/d through Station 6 on those days.

Richard A. Causey, 46, Enron Corp.’s former chief accounting officer, has begun serving a five-and-a-half-year prison sentence in Texas for his role in the fraud schemes that brought down the company.

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

Calgary-based Triangle Petroleum Corp. said it is continuing to build is presence in the Barnett Shale of Texas and the Fayetteville Shale of Arkansas. Both areas are core to the company and are predicted to provide “a strong and repeatable base of drilling opportunities.”

Houston-based Goodrich Petroleum Corp., which drills for natural gas almost exclusively in the promising Cotton Valley Trend of East Texas and Northwest Louisiana, on Monday clinched its second exploration deal in the region in less than two weeks.

Denver-based St. Mary Land & Exploration Co. last week announced the largest acquisition in its history, a deal to acquire West Texas oil and gas assets from several undisclosed private parties for $250 million cash. The company also reported a doubling of third-quarter earnings from the year-ago period.

Denver-based St. Mary Land & Exploration Co. late Wednesday announced the largest acquisition in its history, a deal to acquire West Texas oil and gas assets from several undisclosed private parties for $250 million cash. The properties are in the Midland Basin and target the producing formations in the Spraberry interval. St. Mary attributes 78.1 Bcfe of proved net reserves to the assets, which are producing net 16 MMcfe/d. The transaction is scheduled to close by Dec. 15 and is subject to customary due diligence.

Florida Gas Transmission said a third-party contractor damaged its Texas mainline near compressor station six, requiring one to three days of repair work. The line had been transporting about 300,000 Dth/d. FGT also declared an overage alert in its market area Tuesday with a 25% tolerance.